Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

The CET Govora thermal power plant will receive EUR 57 million for retooling through the Sectoral Operational Programme (SOP) for Environment. The money will go to electrostatic rehabilitation, desulphurisation equipments and compliance with environmental standards. All the paperwork for this project will be sent to Brussels by October 1, manager of CET Govora Mihai Balan said.

About 55 percent of Romania's urban population aged over 15 use the computer at least once a month and 51 percent access the Internet monthly or more often, shows the 2010 Roper Reports survey released by GfK Romania

There are 10.8 million people who do not pay contributions for health in Romania, which is why the country needs to broaden the tax base for those who, so far, have not contributed, while they were involved in economic activities, Prime Minister Emil Boc has said.

US online retailer Amazon has leased 1,400 sqm of offices in the Palas compound in Iasi, developed by local businessman Iulian Dascalu. Amazon Development Center will open its headquarters in September within Palas, according to developer Iulius Group.

Vladescu tells foreigners Romania is out of recession – in Ziarul Financiar, Zara opens the first store in Pitesti in one century old building – in Ziarul Financiar, Over 12,000 Romanians have more than EUR 100,000 in deposits – in Ziarul Financiar, Valentin Ionescu is the new general manager of the Bucharest Stock Exchange – in Ziarul Financiar, Five-star Rex hotel's owners take EUR 500,000 from BCR for Spa center – in Ziarul Financiar, Hundreds of millions of euros in investment in a new seaside resort – in Gandul

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

The CET Govora thermal power plant will receive EUR 57 million for retooling through the Sectoral Operational Programme (SOP) for Environment. The money will go to electrostatic rehabilitation, desulphurisation equipments and compliance with environmental standards. All the paperwork for this project will be sent to Brussels by October 1, manager of CET Govora Mihai Balan said.

About 55 percent of Romania's urban population aged over 15 use the computer at least once a month and 51 percent access the Internet monthly or more often, shows the 2010 Roper Reports survey released by GfK Romania

There are 10.8 million people who do not pay contributions for health in Romania, which is why the country needs to broaden the tax base for those who, so far, have not contributed, while they were involved in economic activities, Prime Minister Emil Boc has said.

US online retailer Amazon has leased 1,400 sqm of offices in the Palas compound in Iasi, developed by local businessman Iulian Dascalu. Amazon Development Center will open its headquarters in September within Palas, according to developer Iulius Group.

Vladescu tells foreigners Romania is out of recession – in Ziarul Financiar, Zara opens the first store in Pitesti in one century old building – in Ziarul Financiar, Over 12,000 Romanians have more than EUR 100,000 in deposits – in Ziarul Financiar, Valentin Ionescu is the new general manager of the Bucharest Stock Exchange – in Ziarul Financiar, Five-star Rex hotel's owners take EUR 500,000 from BCR for Spa center – in Ziarul Financiar, Hundreds of millions of euros in investment in a new seaside resort – in Gandul